Paypal’s Founder Has Decided to Begin Building World’s First Floating Nation In Order to ‘Liberate Humanity from Politicians’

December 2, 2017

Would you like to live on an independent nation that floated on international waters? This could be a very real possibility in 2020!

Peter Theil, founder of Paypal is leading a project to create a floating nation that is able to operate within its own laws. This will be the world’s very first floating nation and will be located in the Pacific Ocean off of the island of Tahiti. This project is being carried out by Seasteading Institute which is a nonprofit with a very diverse team of global marine biologists, aquaculture farmers, medical researchers, nautical engineers, investors, and so forth.

This first island is being funded by a coin offering. Coin offerings are a way for startups and online projects to raise money without selling stock or something of the sort. It is essentially a new form of crowdfunding. This new concept is actually gaining a lot of popularity in Silicon Valley.

The nonprofit is hoping to raise around 60 million dollars by 2020 in order to build a dozen buildings. The first city will be built on a network of 11 rectangular and five-sided platforms so it could be rearranged according to its inhabitants’ needs. I guess you could call it a floating puzzle of some sort. These platforms will be made from reinforced concrete and are hopefully going to support three-story buildings and so forth for up to 100 years.